The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021.
DocuSign will lay off 9% of its workforce as part of a major restructuring plan, the company announced Wednesday.
As of January, DocuSign had 7,461 employees, and it said the restructuring plan will largely be complete by the end of fiscal year 2023.
It expects to incur charges between $30 million and $40 million, largely in the third and fourth quarter of fiscal 2023, as part of the changes.
DocuSign announced earlier this month that it hired an Alphabet executive, Allan Thygesen, as its next CEO.